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as the planning appears to have been submitted we can expect an rns very soon imo.
I think its best to start from scratch especially as consideration should now be paid to the new government policy.
I expect at least a 12 month wait though just hope its not any longer.
just seen reports that irish government has passed a bill today to ban fossil fuel investment in ireland?
thats terrible news if correct.,
so looking increasingly likely no matter how good the inishkea licence is they may not be able to explore or develop it any way.
Hi tacuma No I'm pretty sure its they can only buy (exercise option) once the share price has been above 10p for 30 days. I think the option is awarded to them for free. They have till 2028 (10 years) to exercise it. So if next July/August there is a big commercial gas find near corrib and the share price goes to £2.75 then the directors can exercise their options and they can buy 1.2m shares for 6.5p.